Here's a professional analysis report based on the provided chart:

Technical Analysis:

The $FLOKI /USDT pair is currently in a downward trend. The price has broken below the key support level of 0.00025928, indicating a potential bearish continuation. The formation of lower lows and lower highs suggests a bearish momentum.

Trade Recommendations:

* Short Trade: Enter a short position at the current price of 0.00025928 with a stop-loss at 0.00029000. The target for this trade is 0.00021968.

* Long Trade: Wait for a reversal signal, such as a bullish candlestick pattern or a break above the 0.00029000 resistance level, before considering a long position.

Market Outlook:

Given the bearish momentum and the recent price action, the market is likely to continue its downward trend in the short term. However, traders should be cautious of potential short-term rebounds or corrections.

Leverage:

Use leverage wisely. High leverage can amplify both profits and losses. It's crucial to manage risk effectively and avoid over-leveraging.

#FLOKIUSDT #CryptoAnalysis #TradingSignals #Bearish #TechnicalAnalysis